AvalonBay Communities, Inc. (NYSE:AVB) Plans $1.78 Quarterly Dividend

AvalonBay Communities, Inc. (NYSE:AVB) declared a quarterly dividend on Tuesday, June 9th. Investors of record on Tuesday, June 30th will be given a dividend of 1.78 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, June 30th.

AvalonBay Communities has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 3 years. AvalonBay Communities has a dividend payout ratio of 124.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect AvalonBay Communities to earn $11.71 per share next year, which means the company should continue to be able to cover its $7.12 annual dividend with an expected future payout ratio of 60.8%.

AvalonBay Communities Stock Performance

NYSE:AVB opened at $186.89 on Wednesday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $26.00 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 3.26 and a beta of 0.78. The firm’s fifty day simple moving average is $178.59 and its 200 day simple moving average is $177.52. AvalonBay Communities has a twelve month low of $160.10 and a twelve month high of $209.86.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.33 earnings per share for the quarter, missing the consensus estimate of $2.80 by ($0.47). AvalonBay Communities had a net margin of 37.21% and a return on equity of 9.56%. The business had revenue of $770.28 million for the quarter, compared to analyst estimates of $768.80 million. During the same quarter in the previous year, the firm posted $2.83 EPS. As a group, equities research analysts expect that AvalonBay Communities will post 11.31 earnings per share for the current fiscal year.

About AvalonBay Communities

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.